Fly Leasing (FLY:NYS) and Eastman Kodak (KODK:NYS) Trading at Less than Cash Value

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Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on NYSE

Today’s data is for companies listed on the New York Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
FPH Five Point Holdings LLC 8.010000 66527880 20.5385 0.8808 10.20 1.84
FLY Fly Leasing Ltd 13.310000 27983352 12.6762 0.6332 14.53 -75.67
SDLP Seadrill Partners LLC 3.390000 91821600 1.5783 0.2203 8.78 -26.75
XIN Xinyuan Real Estate Co Ltd 4.300000 64423309 10.0000 0.4074 16.55 -39.31
HOV Hovnanian Enterprises Inc 1.430000 148385821 None None 1.50 -9.64
SN Sanchez Energy Corp 1.610000 87437540 None None 5.01 -22.31
KODK Eastman Kodak Co 2.620000 42671808 2.6465 9.3167 6.44 -2.95
NM Navios Maritime Holdings Inc 0.600300 124706280 None 0.1655 0.95 -12.41
MFCB MFC Bancorp Ltd 4.479800 12534801 None 0.2647 5.97 1.23
GSL Global Ship Lease Inc 0.980100 55015690 None 0.2042 1.72 -5.55
ANW Aegean Marine Petroleum Network Inc 0.920000 40640422 3.0278 0.0634 1.84 -19.72
MN Manning & Napier Inc 2.020000 15333041 15.5385 0.1937 5.03 5.30
CGA China Green Agriculture Inc 0.632900 38896945 1.1869 0.0627 3.88 3.57
PKD Parker Drilling Co 2.590000 9317754 None 0.1000 12.28 -49.84
CBK Christopher & Banks Corp 0.590000 38422693 None 0.5634 0.60 1.06
RRTS Roadrunner Transportation Systems Inc 0.490000 38507498 None 0.4019 0.93 -3.97
JONE Jones Energy Inc 2.620000 5143237 None 0.0334 28.79 -161.50

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

FLY:NYS Fly Leasing
Fly Leasing has None employees and is headquartered in Ireland.
Fly Leasing Ltd is principally engaged in purchasing commercial aircraft which are leased under multi-year contracts to a diverse group of airlines across the world.

KODK:NYS Eastman Kodak
Eastman Kodak has 5800 employees and is headquartered in United States.
Eastman Kodak Co is a technology company providing imaging for business. It provides commercial products and services in technologies including materials science; digital imaging science and software; and deposition processes.

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